Powell’s Remarks Shoot Mortgage Rates Higher

HousingWire, Dec. 18, 2024-Logan Mohtashami
The fallout from Fed day got out of hand very quickly. The market reacted badly to the FOMC statement and remarks by Federal Reserve Chairman Powell during the Q&A presser, sending the 10-year yield and mortgage rates higher. Also, the Dow was down over 1,000 points today.
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